Dave Cortese
- Democratic
- Senator
- District 15
Author
Existing law creates the Department of Insurance and prescribes the department's powers and duties. Existing law generally regulates the business of insurance in the state, including the underwriting and ongoing monitoring of insured risks. Existing law generally requires an insurer or insurance producer to have underwriting guidelines that establish the criteria and process under which an insurer makes its decision to provide or to deny coverage. Existing law requires an admitted insurer with written California premiums totaling $10,000,000 or more, to submit a report, as specified, to the commissioner with specified fire risk information on its residential property policies. Existing law requires the commissioner to post on the department's internet website a report on wildfire risk compiled from data collected from specified insurers. This bill, upon appropriation for these purposes, would establish the Wildfire Safety and Risk Mitigation Program to fund the development, demonstration, and deployment of a public wildfire catastrophe model, as defined, and to provide grant funding to one or more universities for eligible projects with specified criteria for the purpose of creating a research and educational center responsible for developing, demonstrating, and deploying a public wildfire catastrophe model that provides significant wildfire safety benefits to California communities and assists alignment of federal, state, and local wildfire risk reduction efforts. The bill would create the Wildfire Safety and Risk Mitigation Account within the Insurance Fund for these purposes. The bill, also upon appropriation for these purposes, would require the department to create a framework and multiyear plan with available data for the development, demonstration, and deployment of a public wildfire catastrophe model that includes specified information and to publish the plan on the department's internet website. The bill would require the department to provide recommendations to the Senate Committee on Insurance, Assembly Committee on Insurance, Assembly Committee on Emergency Management, Budget Committees, and the Governor for future budget allocations related to these provisions before September 1, 2026.
Chaptered by Secretary of State. Chapter 541, Statutes of 2025.
Approved by the Governor.
Enrolled and presented to the Governor at 2 p.m.
Read third time. Passed. (Ayes 79. Noes 0. Page 3462.) Ordered to the Senate.
Joint Rule 61(a)(14) and 51(a)(4) suspended. (Ayes 59. Noes 20. Page 3413.)
Assembly amendments concurred in. (Ayes 34. Noes 0. Page 3061.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 29).
August 20 set for first hearing. Placed on APPR. suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 14).
From committee: Do pass and re-refer to Com. on E.M. (Ayes 15. Noes 0.) (July 9). Re-referred to Com. on E.M.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0. Page 1456.) Ordered to the Assembly.
Ordered to third reading.
From special consent calendar on motion of Senator Cortese.
Ordered to special consent calendar.
From committee: Do pass. (Ayes 6. Noes 0. Page 1200.) (May 23).
Read second time. Ordered to third reading.
Set for hearing May 23.
May 5 hearing: Placed on APPR. suspense file.
Set for hearing May 5.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 869.) (April 23). Re-referred to Com. on APPR.
Set for hearing April 23.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 21.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB429 | HTML |
| 02/18/25 - Introduced | |
| 03/26/25 - Amended Senate | |
| 07/02/25 - Amended Assembly | |
| 07/17/25 - Amended Assembly | |
| 09/02/25 - Amended Assembly | |
| 09/17/25 - Enrolled | |
| 10/10/25 - Chaptered |
| Document | Format |
|---|---|
| 04/21/25- Senate Insurance | |
| 05/02/25- Senate Appropriations | |
| 05/25/25- Sen. Floor Analyses | |
| 07/08/25- Assembly Insurance | |
| 07/11/25- Assembly Emergency Management | |
| 08/18/25- Assembly Appropriations | |
| 09/03/25- ASSEMBLY FLOOR ANALYSIS | |
| 09/13/25- Sen. Floor Analyses |
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